Hiring for Banking & Financial Services in Singapore
In 2026, the recruitment landscape in Singapore for Banking & Financial Services will remain steady for generalists but full of opportunities for specialists.
Competition for skilled talent will be sustained by regulatory scrutiny, private market growth, and continued demand for expertise in areas such as financial crime, credit risk, and digital assets.
Significant demand is also observed in core control functions, such as compliance, including Know Your Customer (KYC), Source of Wealth and risk.
In-Demand Banking & Financial Services Roles in Singapore
- Senior Private Bankers
- Capital Markets Bankers
- Private Debt Specialists
- Digital Asset Professionals
- Quantitative Traders
- Financial Reporting & MAS Regulatory Reporting Specialists
- Fund Finance & Private Markets Operations
- Financial Crime Compliance & KYC/Anti-Money Laundering (AML) Remediation
- Credit/Market/Operational/Model Risk Managers
- Internal Audit (Regulatory & Risk)
- Governance & Control-Focused Finance Professionals
- KYC Analysts, Source of Wealth Specialists
- Compliance Officers, Regulatory Reporting Analysts, Finance Executives
- Business Control Roles
- Executive Assistants
- Assistant Relationship Managers
In-Demand Banking & Financial Services Skills in Singapore
- MAS 610 and 1003 expertise
- Financial regulatory reporting
- Governance and control strength
- AML, sanctions
- Transaction monitoring
- Complex KYC
- Source of Wealth assessment
- Risk analytics, stress testing
- Model governance
- Regulatory and risk-focused internal audit
- Fund accounting (private equity, private credit, real estate)
- Waterfall modelling
- Portfolio operations
- Portable networks
- Quantitative skills
- Digital asset knowledge
- Stakeholder management
- Regulator-facing communication
- Cross-border compliance understanding
Up, Down, or Flat? Banking & Financial Services Salary Trends in Singapore
Salary expectations stayed cautious across 2024–2025, with flat growth in permanent roles due to scrutiny and cost pressures. This was offset by premiums for immediate-impact talent in control functions. Contracting rates rise for flexibility in KYC, regulatory reporting, and front-office support.
In 2026, specialists in financial crime, credit risk, and private markets will command competitive pay as firms continue to prioritise high-value hires.
Banking & Financial Services Salaries in Singapore
| Job Title |
Search job title
|
Sub Sector | Location | |||
|---|---|---|---|---|---|---|
| Job Title | Sector | Sub Sector | Location | 5 - 10 years | 10 - 15 years | 15+ years |
KYC Operations Annual rate |
Banking Operations | Singapore | S$110,000 | S$165,000 | S$220,000 | |
Client Services Annual rate |
Banking Operations | Singapore | S$125,000 | S$180,000 | S$250,000 | |
Corporate Actions / Settlement Annual rate |
Banking Operations | Singapore | S$100,000 | S$135,000 | S$225,000 | |
Trade & Sales Support Annual rate |
Banking Operations | Singapore | S$100,000 | S$135,000 | S$220,000 | |
Reference Data Annual rate |
Banking Operations | Singapore | S$110,000 | S$170,000 | S$250,000 | |
Trade Finance Operations Annual rate |
Banking Operations | Singapore | S$120,000 | S$160,000 | S$220,000 | |
Collateral Management Annual rate |
Banking Operations | Singapore | S$150,000 | S$220,000 | S$260,000 | |
Transfer Agency Annual rate |
Banking Operations | Singapore | S$110,000 | S$160,000 | S$220,000 | |
COO / Head of Operations Annual rate |
Banking Operations | Singapore | S$150,000 | S$250,000 | S$350,000 | |
Analyst (1-3 years) Annual rate |
Investment Banking M&A / ECM / DCM | Singapore | S$110,000 | |||
Associate (3-6 years) Annual rate |
Investment Banking M&A / ECM / DCM | Singapore | S$190,000 | |||
VP (7 - 10 years) Annual rate |
Investment Banking M&A / ECM / DCM | Singapore | S$290,000 | |||
Director (10 - 15 years) Annual rate |
Investment Banking M&A / ECM / DCM | Singapore | S$450,000 | |||
Managing Director (15 years plus) Annual rate |
Investment Banking M&A / ECM / DCM | Singapore | S$680,000 | |||
AVP / Associate Director Annual rate |
Private Banking | Singapore | S$180,000 | |||
VP Annual rate |
Private Banking | Singapore | S$260,000 | |||
Director / Executive Director Annual rate |
Private Banking | Singapore | S$400,000 | |||
Managing Director Annual rate |
Private Banking | Singapore | S$550,000 | |||
Trade Finance Annual rate |
Corporate Banking | Singapore | S$126,000 | S$230,000 | S$350,000 | |
Cash Management Annual rate |
Corporate Banking | Singapore | S$126,000 | S$200,000 | S$330,000 | |
Corporate Relationship Manager Annual rate |
Corporate Banking | Singapore | S$130,000 | S$230,000 | S$400,000 | |
FI RM (Coverage Bank / Non-Bank) Annual rate |
Corporate Banking | Singapore | S$130,000 | S$230,000 | S$430,000 | |
Product Manager (Cash / Trade / Liquidity / Custody) Annual rate |
Corporate Banking | Singapore | S$110,000 | S$180,000 | S$320,000 | |
Business Banking (Relationship Manager) Annual rate |
Corporate Banking | Singapore | S$65,000 | S$110,000 | S$160,000 | |
Commercial Banking (Relationship Manager) Annual rate |
Corporate Banking | Singapore | S$90,000 | S$130,000 | S$200,000 | |
Project Finance Annual rate |
Corporate Banking | Singapore | S$150,000 | S$210,000 | S$350,000 | |
Analyst Annual rate |
Private Equity | Singapore | S$120,000 | |||
Associate Annual rate |
Private Equity | Singapore | S$200,000 | |||
VP Annual rate |
Private Equity | Singapore | S$300,000 | |||
Director Annual rate |
Private Equity | Singapore | S$420,000 | |||
Managing Director Annual rate |
Private Equity | Singapore | S$550,000 | |||
Bancassurance / Insurance Specialist Annual rate |
Retail Banking / Premier Banking | Singapore | S$85,000 | S$110,000 | S$150,000 | |
Priority Banking / Premier Banking RM Annual rate |
Retail Banking / Premier Banking | Singapore | S$100,000 | S$150,000 | S$200,000 | |
Employee Banking / Work Place Banking Annual rate |
Retail Banking / Premier Banking | Singapore | S$75,000 | S$100,000 | S$140,000 | |
Mortgage Specialist Annual rate |
Retail Banking / Premier Banking | Singapore | S$75,000 | S$100,000 | S$140,000 | |
Client Acquistion Specialist Annual rate |
Retail Banking / Premier Banking | Singapore | S$75,000 | S$100,000 | S$140,000 |
Download Your 2026 Banking & Financial Services Salary Guide for Singapore.
Permanent, temporary and contract salary data for a range of Banking & Financial Services roles, as well as insights and advice to guide your talent strategies.
